REAC Due Date

ID Status Date Public/Private Industry AHACPA Contact
#14450 Closed public Multifamily Les Sparks
Customer Reply

Is the due date to submit OC or OMB-audited financials actually 90 days from FYE, or is it 3months? Ex. on a 9/30 due date, is the deadline 12/29 (counting exactly 90 days), or is it 12/31? I need these extra days, if the due date is actually 3 months.
Thanks.

Kathy Christensen

It is actually 90 days. But if you are a few days late it isn’t a big deal. The late notices aren’t sent out until 10 days after the due date.

If you go to https://ahacpa.org/due-date-calculator/ you can see all of the due dates, including the grace period timelines.

Les Sparks

Jennifer, the due date is 90 days not three months. For instance, during LEAP years the due date is actually not March 31st, but is March 30th. Nevertheless, there is a 10-day grace period that does allow an agency to submit a few days later with no serious impacts. Just be sure to have it done before the expiration of that 10-day grace period.

 

Les Sparks

AHACPA

(801) 547-0809

 

From: AHACPA Support <support@ahacpa.org>
Sent: Sunday, December 27, 2020 11:18 AM
To: les@ahacpa.org
Subject: REAC Due Date [NEW]

Customer Reply

Evening all,

 

Follow up observation, I guess, to the 90-day rule for filing with Multifamily in FASS…

 

I don’t know why I can’t let this go, but this was on the HUD website itself…I feel like they contradict themselves, even, possibly. I understand it’s outdated, but I feel the same rules in terms of the 90 days applies. Just sending along,
I guess. Thanks.

 

https://www.hud.gov/program_offices/public_indian_housing/reac/calendar/calsch

 

 

Jennifer R. Koffman, CPA

Bellows Associates, PA

*New Address*

5401 N University Drive, Suite 201

Coral Springs, Florida 33067

954-838-7000 ext. 105

954-319-3525 cell (use as primary phone)

954-838-7888 fax

http://www.bellowscpa.com

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Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific
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From: AHACPA Support <support@ahacpa.org>
Sent: Monday, December 28, 2020 3:04 PM
To: Jennifer Koffman <jennifer@bellowscpa.com>
Subject: Reply to: REAC Due Date

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